546 Covelo LnBuelltonCA93427
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Buellton at 546 Covelo Ln, Buellton, CA, 93427 priced at $699,000 pairs $3,965/mo rent with after a $3,421/mo payment. Total monthly income equals $3,965/mo. Return on cash invested is 18.19% in year one, and rental yield stands at 6.81% on a $699,000 basis. Equity gained on principal adds $4,511/yr, and 5% annual appreciation accumulates to $193,121 by year five. Five-year ROI measures 93.59% and total cumulative return in cash reaches $215,222. For financing, Ziffy Mortgage’s DSCR program evaluates $3,965/mo property income against a $3,421/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2017
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93427, Buellton, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,353 (100%) |
| Owner Occupied HU | 1,469 (62.4%) |
| Renter Occupied HU | 728 (30.9%) |
| Vacant Housing Units | 156 ( 6.6%) |
| Median Home Value | $754,817 |
| Average Home Value | $819,198 |
Housing Distribution
Address Breakdown
Residential
2,068
Single Family
2,059
Multi-Family
9
Businesses
492
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Listed by: Kelly Mahan Herrick • Berkshire Hathaway HomeServices - Santa Barbara
Mls Name: North Santa Barbara County MLS
Mls ID: #25001829